The New York Times elevates perspectives of affordable housing practitioners
Longtime HPN leader Chuck Wehrwein and one of our social enterprises, the Housing Partnership Insurance Exchange -- an HPN member-owned and operated captive, featured in an article today about a perfect storm of conditions posing an existential threat to the affordable housing industry and solutions to mitigate.
“The Housing Partnership Network, a national group of nonprofit housing developers, has also expanded an insurance initiative that it began offering its members after 9/11, when insurers raised premiums and canceled coverage for many developers. About two dozen developers now belong to the Housing Partnership Insurance Exchange, up from 14 initially, and together, the exchange insures over 100,000 units of housing valued at more than $26 billion, said Chuck Wehrwein, the network’s chief operating officer.”